Investing in cryptocurrency isn’t easy – there’s foreign wallets, transfers, accounts and verification to consider.

Google offers more than 50 million results when searching “how to buy a crypto”.

Apprehension among investors has seen a number of retail funds pop up in the space, aiming to make it easier for retail investors to gain exposure.

Last month, Melbourne-based New Dawn Fund opened a fund described as the world’s first and only cryptocurrency fund open to retail investors.

Cryptocurrencies are digital-only money designed to be secure and anonymous. There are more than 1500 different types of cryptocurrency — of which BitCoin and Ethereum are the best-known.

At its launch, New Dawn estimated the number of registered crypto hedge funds globally at 226, surpassing the 37 or so that were registered last year.

Most of those – like Aussies Apollo Capital or Digital X’s (ASX:DCC) Digital X Fund – have been only open to wholesale investors – with minimum investment thresholds to buy in.

But retail funds are changing the game.

New entrant Every Capital is set to launch next quarter with a positioning to make cryptoassets an accessible investment for everyday Australian investors.

The fund aims to give exposure not just to cryptocurrencies but also Initial Coin Offerings to pass on the upsides of the rising asset class.

An Initial Coin Offering or ICO is a form of crowdfunding. It is like an initial public offering — but instead of offering shares in a company, an issuer offers digital tokens that can be traded on cryptocurrency platforms or redeemed for digital services.

“We just want to make it simple – Australians will invest with Australian dollars and know that their investment will be regulated under ASIC just like any other managed fund,” co-founder Jack Baldwin told Stockhead.

“While they can be a volatile investment, there is no denying they have not tracked with any other established asset class.”

He says the rise of funds in the space are a testament to the Australian regulator’s forward thinking and strong stance on regulation.

“ASIC are doing their best to make sure there are good players involved,” he said.

Every expects its Product Disclosure Statement to be released late next month, and is already taking investors on its waitlist.